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House 2127 м² in Risan, Montenegro

3 508 767 $

1 649 $ /м²

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Area

2127 м2

Other sites in Kotor. The city is Risan.

The project is located on the first line of the Boko-Kotor Bay, in the village of Risan. Part of the project is a historic stone manor house with an adjacent plot intended for the construction of a new building. The project is ideally suited for the construction of a boutique hotel. Risan is known for its historical heritage, ancient Roman mosaics, beaches and hotels. Hotel Teuta, named after a Roman queen who stayed in Risan, is currently under renovation and will open soon. Another attraction of the project is the proximity of the town of Perasta, an open-air museum. Real estate in Perast is the most expensive real estate in Montenegro, which makes this project, which is only 10 minutes away, even more attractive.The plots are available for restoration of the stone manor house and construction of a new building, with a combined area of up to 2127 m2 gross. The stone manor/palace has 4 stone ruins of 120 sqm, 148 sqm, 88 sqm and 18 sqm at the base; once rebuilt, the total size would be approximately 1062 sqm.The neighboring plot, which is 1194 m2, has permission to build a hotel, with an area of 1075 m2 and no more than 4 floors. The plot has technical-urban conditions: maximum building index of 0.3, maximum occupancy index of 0.9, area at the base of the building is 358 m2.Purpose: hotel, residential complex, apartments.The stone palace is reinforced, only roof replacement and interior decoration is needed.There is and

Additional details

Property type

Residential Properties

Object type

House

Price

3 508 767 $

Land area

1800

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Risan; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Montenegro finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Montenegro takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Risan short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (3 508 767 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Risan: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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